New Yorkers for Responsible Lending
 Latest NYRL News
About New Yorkers for Responsible Lending
New Yorkers for Responsible Lending (NYRL) is a state-wide coalition that promotes access to fair and affordable financial services and the preservation of assets for all New Yorkers and their communities. NYRL is committed to fighting predatory practices in the financial services industry through policy reform, education and outreach, research and direct services. NYRL's more than 160 member organizations include community financial institutions, community-based organizations, affordable housing and foreclosure prevention groups, advocates for seniors, legal services and labor organizations, and community reinvestment, fair lending, and consumer advocacy groups.
NYRL is governed by its Steering Committee, open to all members. Members may also join one of four NYRL Working Groups, on Consumer Finance, Federal Advocacy, Insurance, and Mortgage issues, which identify priorities and present recommendations to the NYRL Steering Committee. Please contact NEDAP to learn more.
Latest NYRL News
New New Yorkers share their stories about being denied jobs because of credit checks by employers. Watch short video testimonials here.
April 29, 2013:
NYRL issues statement applauding Cuomo Administration letter to NYS Assembly Speaker Silver in opposition to check-cashers' high-cost lending bill, A. 1113-A.
March 26, 2013:
NYRL issues statement applauding NYS Department of Financial Services for cracking down on abusive force-placed insurance practices.
November 21, 2012:
NYRL issues statement in support of Attorney General's filing of case against Credit Suisse for a pattern and practice of mortgage securitization fraud.
June 21, 2012:
The NYS Assembly passes the Credit Privacy in Employment Act, to prohibit the unfair use of credit checks by employers. Read NYRL's statement on the bill.
June 7, 2012:
NYRL submits memorandum in support of S. 7571 / A. 10395, which would
address robo-signing in foreclosure lawsuits and put an end to the "shadow docket" back-log of cases that has left thousands of NY homeowners in limbo.
May 17, 2012:
NYRL members testify at New York State Department of Financial Services hearing on force-placed insurance.
May 14, 2012:
Fifty five NYRL members submit comment letter urging the NYS Office of Court Administration to strengthen its proposal to address lenders’ violations of court foreclosure rules, which have left thousands of NY homeowners in limbo.
April 17, 2012:
NYRL members submit comment letter urging the Consumer Financial Protection Bureau (CFPB) to thoroughly examine the debt collection and credit reporting industries.
February 16, 2012:
BET News article, "Have You Fallen Victim to Debt Collectors?" cites NYRL on debt buyer abuses.
December 16, 2011:
Twenty one NYRL members submit comment letter urging new Federal Insurance Office to address property insurance redlining.
November 10, 2011:
NYRL holds Annual Statewide Meeting in Albany. The all-day meeting was a dynamic gathering of NYRL member organizations from around the state. The meeting provided a space for members to identify coalition priorities and develop initial strategies for the coming year.
 
October 14, 2011:
NYRL members hold Long Island Regional Meeting in Islandia, NY, to discuss pressing financial justice issues affecting Long Island communities and ways to work together to promote change.
August 15, 2011
NYRL members submit comment letter to Consumer Financial Protection Bureau (CFPB) on the types of non-bank financial services companies the agency should examine.
August 8, 2011
NYRL members comment on the national banks regulator's weak proposed guidance on overdraft coverage and bank payday lending.
July 22, 2011:
NYRL members submit comment letter to Federal Reserve Board on its proposal to prohibit lenders from making mortgages without regard to borrowers' ability to repay.
June 5, 2011:
Articles in the Buffalo News and City Limits cite NYRL and describe controversy around bill that would permit check cashers to make usurious small-dollar loans.
May 23, 2011:
NYRL holds Western New York regional meeting. More than 35 people met in Buffalo to discuss pressing financial justice issues affecting local communities and opportunities for working together to promote change.
May 18, 2011:
NYRL calls on NYS Senate to withdraw industry bill that would permit check cashers to make usurious small-dollar loans. See NYRL's press statement.
February 19, 2011:
NYRL members, NEDAP and NYPIRG, speak about pressing financial justice issues, at annual Black and Latino Caucus Weekend, in Albany.
January 5, 2011:
Politics on the Hudson blog post, "Groups get jump-start on reaction to Cuomo’s speech," cites NYRL Steering Committee press statement on the need to make consumer protection a priority if a new state financial regulatory agency is formed.
Read more NYRL News.
Quick Links & Resources
NYRL Issue Brief: End Unfair Use of Credit Checks by Employers
NYRL Issue Brief: Ensure Fair Debt Collection Practices
NYRL Issue Brief: Prevent Unfair Foreclosures
NYRL's 2011 Policy Statements
NEDAP Summary of NYS' Foreclosure
Prevention and Responsible Lending Act of 2008
NYRL Model Bill Summary: 2008 Responsible Lending Act (pdf)
NYRL Model Bill Summary: 2008 Exempt Income Protection Act (pdf)
Exempt Income Protect Act: Fact Sheet (pdf)
Home Equity Theft Prevention Act - Summary of Law (pdf)
NYS Anti-Predatory Lending Law (Banking Law 6-l) - Summary of Law (pdf)
Join
the Coalition!
Non-profit community and advocacy organizations in New York State may request membership into NYRL. Membership is not open to individuals or government bodies. For more info, contact NYRL. See the list of NYRL members here!
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